Blog Post
Myth: Trustees Have Absolute Power Over Trust Assets
7/20/2025
The idea that trustees have unchecked authority is misleading. Trustees are bound by fiduciary duties that protect beneficiaries. It means they must act in good faith and prioritize the trust’s terms and beneficiaries’ interests.
For instance, trustees cannot use trust funds for personal expenses. If they do, beneficiaries can hold them accountable through legal action. Trustees must also provide regular accountings to ensure transparency in managing trust assets.
Think of trustees as stewards rather than rulers. They must adhere to the trust’s instructions and California’s laws. Beneficiaries can seek legal remedies when trustees fail in their duties. This myth often arises because trustees wield significant responsibility.
However, their actions are far from unchecked. Legal avenues are available to protect your rights if you’re dealing with a trustee misusing their role. Trustees don’t operate in a vacuum. Their responsibilities come with oversight and consequences for misuse.
San Diego Probate Attorneys
San Diego, CA 92101